Manchester City preparing massive bid for Tottenham star Harry Kane

Manchester City are favored to repeat as English Premier League champions but aren't yet done bolstering their squad during the open summer transfer window.

Fabrizio Romano reports for the Guardian that City are willing to offer £127 million for wantaway Tottenham Hotspur striker and England captain Harry Kane. Kane recently denied intentionally skipping training to attempt to force a move to the reigning titleholders, and Tottenham coach Nuno Espirito Santo said earlier this week he could select the three-time Premier League Golden Boot winner for Sunday's season opener versus City. 

Romano reiterated earlier reports that Tottenham chairman Daniel Levy wants no less than £150 million in a transfer fee for Kane's services, and City boss Pep Guardiola previously suggested he's not willing to meet that valuation. 

"If Tottenham don’t want to negotiate, it’s finished," Guardiola said about discussions involving Kane. "If they are open to negotiate, I think not just Man City but many clubs in the world want to try to sign him." 

Kane has three years remaining on his £200,000-a-week contract with Tottenham, and it's not publicly known if the 28-year-old would go on strike to coerce Levy to sell him before the window closes on Aug. 31.